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geniusboy [140]
2 years ago
14

True or false: Business analytics is defined as the analysis of data to better solve business problems.

Business
1 answer:
Verizon [17]2 years ago
3 0

It is true that business analytics is defined as the analysis of data to better solve business problems.

<h3>What is business analytics?</h3>

Business Analytics is the process whereby businesses use statistical methods and technologies for analyzing data to aid decision making.

The goal of business analytics are:

  • To determine which datasets are useful and how they can be leveraged to solve problems.
  • To increase efficiency, productivity and revenue.

Therefore, business analytics is defined as the analysis of data to better solve business problems.

Learn more about business analytics here: brainly.com/question/8302926

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Which of the following constitute​ Porter's 5 factor​ model?
Soloha48 [4]

Answer:

D. Threat of new​ entrants, threat of​ substitutes, bargaining power of​ buyers, bargaining power of​ suppliers, current rivalry

Explanation:

Porter's 5 Factor Model is also known as Porter's five forces. Michael E. Porter was a Professor from Harvard Business School. The model is usually applied in an industry to identify the forces that compete to shape the industry. Put differently, these five forces help to analyse an industry's Strength, Weaknesses, Threats and Opportunities (SWOT) Analyses.

As detailed in the answer, the five categories in Porter's model are;  Competitors in the industry, Potential of new entrants in the industry, Power of suppliers, Power of customers and the threat of substitute products.

8 0
3 years ago
Human Resource Management (HRM) takes a strategic approach in developing and maintaining a qualified workforce to gain a competi
madreJ [45]

Answer:

The statement is: True.

Explanation:

Human Resources (<em>HR</em>) is the department of an organization in charge of recruiting, selecting, and training employees so they can easily adapt to their work environment. Human Resource Management (<em>HRM</em>) is dedicated to allocating the potential of those employees in a way that they can be more productive to the point of creating a competitive advantage for the firm.

4 0
3 years ago
Suppose 10 new hair salons open in this city. Would this have an effect on the supply and / or demand curves? Explain
vichka [17]

Answer:

it would have effects on the demand

Explanation:

this would have more affect on the demand because there are more people that want the Supply

4 0
2 years ago
the table you're working at keeps wobbling you decide to fix it by making a thick pad of paper from folded sheets of paper. each
MissTica
Pad 1 = folded 3 times
If folding a sheet of paper creates 2 layers, then folding a piece of paper creates 4 layers because you are basically folding the 2 layers you initially created which doubles it. (Folding any amount of layers doubles the layers).

Pad 2 = folded 2 times
This sheet of paper has 2 layers. That information was given to us beforehand.

Lastly add up all the layers: 4 + 2 = 6

Final answer: It took 6 layers of paper to prop up the table
6 0
3 years ago
What term refers to the process used to produce a good or service, such as using a robotic device to assemble cars? open opportu
Lemur [1.5K]

Open Opportunity means the opportunity available for the business.

Technology refers to the process used to produce a good or service.

Gross domestic product means the total amount of goods or services produced in a country during a year.

The profit motive is the goal of maximization of profits.

Hence, the term that refers to the process used to produce a good or service, such as using a robotic device to assemble cars is <u>Technology</u>.









6 0
4 years ago
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